Mn Services Vermogensbeheer B.V. Has $24.58 Million Stock Position in Autodesk, Inc. $ADSK

Key Points

• Mn Services Vermogensbeheer B.V. has increased its stake in Autodesk, Inc. by 1.7%, acquiring an additional 1,300 shares and owning a total of 79,400 shares worth approximately $24.58 million.
• A significant majority, 90.24%, of Autodesk's stock is currently held by institutional investors, indicating strong institutional interest in the company's shares.
• Analysts have recently raised their price targets for Autodesk, with estimates now ranging from $363.00 to $380.00, reflecting a consensus rating of "Moderate Buy".

Mn Services Vermogensbeheer B.V. grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,400 shares of the software company's stock after purchasing an additional 1,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Autodesk were worth $24,580,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after purchasing an additional 147 shares during the last quarter. State of Wyoming grew its position in Autodesk by 152.1% in the 4th quarter. State of Wyoming now owns 920 shares of the software company's stock valued at $272,000 after acquiring an additional 555 shares during the last quarter. Waverly Advisors LLC bought a new position in Autodesk in the 4th quarter valued at $277,000. PharVision Advisers LLC purchased a new stake in shares of Autodesk in the 4th quarter worth $286,000. Finally, Continuum Advisory LLC boosted its position in Autodesk by 6.4% during the fourth quarter. Continuum Advisory LLC now owns 749 shares of the software company's stock valued at $221,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Activity at Autodesk

In related news, Director Ayanna Howard sold 3,159 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the completion of the sale, the director owned 4,393 shares in the company, valued at approximately $1,427,725. This trade represents a 41.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares of the company's stock, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,374 shares of company stock worth $13,899,261 in the last three months. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on ADSK. Loop Capital initiated coverage on Autodesk in a report on Monday, July 21st. They set a "hold" rating and a $320.00 target price on the stock. Oppenheimer upped their price target on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Citigroup upped their price objective on Autodesk from $376.00 to $393.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Robert W. Baird upped their target price on Autodesk from $345.00 to $363.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Piper Sandler upped their price objective on Autodesk from $361.00 to $373.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and a consensus target price of $356.83.

Autodesk Stock Down 0.1%

Shares of NASDAQ ADSK traded down $0.37 during mid-day trading on Friday, reaching $322.67. The company had a trading volume of 3,364,367 shares, compared to its average volume of 1,756,348. The stock has a market capitalization of $68.73 billion, a PE ratio of 66.81, a price-to-earnings-growth ratio of 2.86 and a beta of 1.49. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The stock's 50 day moving average is $302.39 and its 200-day moving average is $288.35. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

Autodesk Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.